A modern and good sized 3 storey mid town house in this well regarded development and forming one of two elegant terraces that front on to St Nicholas Road in the Flemingate area of town The property is set a decent distance back from the road and could be used as 4 bedrooms or 3 bedrooms with a first floor living room to supplement the ground floor living room with open plan kitchen.
The well presented accommodation benefits from gas central heating and double glazing and is arranged over 3 floors. It briefly comprises: Entrance Hall, WC Cloaks, modern fitted Kitchen opening onto a Living area with French windows to garden. To the first floor are 2 double Bedrooms (one of which could be used as a Living Room) and Bathroom. There are two further Bedrooms to the second floor also with a modern Bathroom. The property has a garden to the rear with fencing to perimeters and a gate leads to two off street parking spaces that are accessed via Akrill Mews.
LOCATION
The property forms part of the long awaited Flemingate Development that much improved this area of town. The modern Flemingate retail and entertainment development sits conveniently nearby and provides a range of shops, bars, restaurants and Parkway Cinema. St Nicholas Primary School, Beverley railway station and Beverley leisure centre are also nearby as well all the rest of the amenities available within Beverley town centre.
A full overview of the property showing all it has to offer is best gained by looking at our 360 degree tour: https://tour.giraffe360.com/c52616c2cb64463a9ed70e80c7cec22e/.
An early internal inspection is thereafter highly recommended.
ACCOMMODATION
Entrance Hall
WC Cloaks
Fitted Kitchen opening on to:
Living Room
First Floor Landing
Bedroom (potential use as Living Room)
Bedroom
Bathroom
Second Floor Landing
Bedroom
Bedroom
Bathroom
Garden
Two Parking Spaces
Tenure : Freehold
Council Tax Band : D
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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